Cash Tender Offers to Purchase Quarterly Interest Bonds and Surplus Notes

Information for Holders of the Notes

On May 12, 2022, The Nassau Companies of New York (the "Company") announced the commencement of cash tender offers (the “Tender Offers”) for the following, (collectively, the "Notes"):

  • Its 7.45% Quarterly Interest Bonds due 2032
  • The 7.15% Surplus Notes due 2034 issued by Nassau Life Insurance Company, a wholly-owned subsidiary of the Company

The terms and conditions of the Tender Offers are set forth in an Offer to Purchase dated May 12, 2022 (the “Offer to Purchase”). Any questions regarding procedures for tendering Notes should be directed to the Information Agent at the address and telephone numbers set forth below.

The Information Agent for the Offers is:

D.F. King & Co., Inc.
Toll-Free: (866) 406-2287
Banks and Brokers Call: (212) 269-5550
48 Wall Street
New York, New York 10005

Any questions regarding the terms of the Tender Offers should be directed to the Dealer Manager at the telephone numbers set forth below.

The Dealer Manager for the Offers is:

RBC Capital Markets
Call toll-free: (877) 381-2099
Call: (212) 618-7843

Information on the Tender Offers is available here:

The Company has posted financial statements and certain other information on a data site that is accessible to Holders of the Notes by selecting “Enter Portal” (if you already have credentials) or by selecting “Request Access” (in order to request credentials to access the data in Portal). Holders of the Notes are urged to read carefully the Offer to Purchase before making any decision with respect to the Tender Offers.

Note: The data site is called “Phoenix 7.45% QUIBs Due 2032” and contains data for both the (1) 7.45% Quarterly Interest Bonds due 2032 and the (2) 7.15% Surplus Notes due 2034.

This website shall not be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell any of the Notes or any other securities. The Company, subject to applicable law, may amend, extend or terminate any or all of the Tender Offers and may postpone the acceptance for purchase of, and payment for, the Notes so tendered. The Tender Offers are not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of the Company, the Dealer Manager, the Information Agent or the Tender Agent makes any recommendations as to whether holders of the Notes should tender their Notes pursuant to the Tender Offers.